For years, tax departments and businesses have been locked in a high-stakes tug-of-war over a fundamental question: when a contractor pays a penalty for a delay, is the recipient "selling" them the right to be late? The department's penchant for viewing every flow of money as a taxable "supply" has led to a flurry of show-cause notices, leaving CFOs and Tax Heads grappling with demands on amounts that were meant to cover losses, not generate revenue.

GST Records

GST Offences & Penalties

GST Inspection

GST Act

GST Payments

GST on Liquidated Damages: Taxable or Not?

Ever since its inception, the Goods and Services Tax in India has continued to evolve, enabling ease of doing business. Explore the full story of what these changes in the GST regulatory framework mean for enterprises in India for taxation heads and CFOs and the underlying impact on accounts payable and accounts receivables.

Fintech

GST Returns & Reconciliations

GST Invoicing

GST Updates

Section 74A of GST: Key Changes in Demand & Recovery

In a trust-based self-assessment regime, the integrity of the tax system rests on the accuracy of the taxpayer’s own declarations. However, "trust" is not a substitute for verification. Under Section 2(13) of the CGST Act, an audit is defined as the examination of records, returns, and other documents to verify the correctness of declared turnover, taxes paid, refunds claimed, and input tax credit (ITC) availed. Professionals must know how to validate each step of the section 65 GST audit lifecycle.

GST Composition Scheme

GST Audit & Assessment

GST Software

GST Audit Under Section 65: Process, Timeline & Key Stages

Learn how to use legislative intent and the commercial parlance test to defeat arbitrary tax demands and win appeals.

GST Exemptions

GST Appeals

How to Use the Intention of the Legislature to Your Advantage in Assessments, Appeals, and Litigation

Understand the interplay between Section 129 & 130 of the CGST Act. Learn when tax detention turns to confiscation based on recent court rulings.

GST Supply

GST Rates

Interplay of Section 129 and Section 130

WHETHER MANDATORY PRE-DEPOSIT CAN BE WAIVED OR REDUCED UNDER INDIRECT TAX LAWS

Discover how Heydon’s Rule (the Mischief Rule) safeguards Indian taxpayers against arbitrary interpretations and double taxation by focusing on true legislative intent.

Decoding the Mischief Rule: Heydon’s Rule and Its Enduring Relevance in Indian Tax Law

This strategic guide empowers CFOs and finance leaders to safeguard their rightful tax exemptions against restrictive revenue rulings, leveraging the powerful legal doctrine of beneficial interpretation and landmark Indian Supreme Court precedents.

INTERPRETATION SHOULD NOT RESTRICT THE SCOPE

Discover 6 landmark GST judgements every CFO must know. Protect your business from GSTR-3B errors, Rule 86A credit blocks, and unfair refund delays.

Landmark GST Procedure Judgements Every CFO Must Know

GST exemptions are provisions that exclude certain goods and services from the purview of GST. These exemptions are formulated to meet specific objectives and to support certain sectors of the economy.

GST Exemptions Series

This page lists all articles, blogs, news updates, summary of notifications and circulars relating to GST Exemptions

GST Exemptions

How to Use the Intention of the Legislature to You...

By: Abhishek Raja Ram

Interplay of Section 129 and Section 130

By: Abhishek Raja Ram

WHETHER MANDATORY PRE-DEPOSIT CAN BE WAIVED OR RED...

By: Abhishek Raja Ram

Decoding the Mischief Rule: Heydon’s Rule and Its ...

By: Abhishek Raja Ram

INTERPRETATION SHOULD NOT RESTRICT THE SCOPE

By: Abhishek Raja Ram

Landmark GST Procedure Judgements Every CFO Must K...

By: Abhishek Raja Ram

GST Exemptions Series

By: Sakshi Jain, CA LLB

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